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Oracle Financials - GL

The Oracle General Ledger is the central repository of accounting information. 
Course Info

The Oracle General Ledger is the central repository of accounting information. The main purpose of a general ledger system is to record financial activity of a company and to produce financial and management reports to help people inside and outside the organization make decisions.

Course Detail:

The Oracle eBusiness Suite General Ledger (GL) module is a flexible and robust package for managing ledgers online. It is fastest and most scalable general ledger on the market that provides efficiencies through highly automated financial processing. It also provides tools for effective management control and real-time visibility to financial results to meet financial compliance and improve bottom line.

The main objectives of course will be:

  • Oracle General ledger process & concepts
  • Setting up oracle general ledger
  • Basic general entries
  • Advanced journal entries
  • Budgeting

The skills students will be having after attending this course are:

  • Define multiple calendars and accounting structures while dynamically creating new accounts combinations based on user defined rules
  • Uses standard , reversing and recurring journals
  • Uses Mass Allocations to automate your cost and revenue allocations quickly and accurately
  • Uses the Financial Statement Generator (FSG) to create custom financial reports
  • Uses the GL Desktop Integrator to combine the power of Oracle GL with an Excel spreadsheet to budget, report, analyze & enter accounting information.
  • Extensive foreign currency capability
    • Automate currency conversion, translation & revaluation in accordance with generally accepted accounting principles
    • Query and report on all foreign currencies and translated balances using single or multiple sets of books
    • Use multiple reporting currencies sets of books to manage routine reporting of foreign currency transactions
  • Record and review accounting information
    • Import data from subsidiary ledgers or enter journals to record actual or budget transactions directly into GL
    • Enter encumbrance journals to track encumbrances through the purchase approval process and to control spending against budgeted amounts
    • Review account balances online or through standard reports
  • Manipulate accounting information
    • Correct actual, budget and encumbrance information
    • Revalue and translate balances denominated in foreign currencies
    • Consolidate balances from multiple sets of books
  • Analyze accounting information
    • Integrate GL with Financial Analyzer to simplify the budgeting and forecasting process to efficiently answer ad hoc requests and to identify areas for profit improvement